ACB raids Excise official's properties, finds Rs 1.50 crore DA

Image
Press Trust of India Vijayawada (AP)
Last Updated : Jan 20 2016 | 11:28 PM IST
Anti-Corruption Bureau today conducted simultaneous searches at different properties in the state, allegedly belonging to a senior official of state Excise and Prohibition department, and found assets worth Rs 1.50 crore, disproportionate to known sources of his income.
The Directortorate General of Anti Corruption Bureau (ACB) Andhra Pradesh, said in a press release that its sleuths conducted simultaneous raids at several places in Hyderabad, East Godavari, West Godavari, Krishna and Guntur districts.
"A case of disproportionate asests was registered against Mamillapalli Adiseshu (55), Asistant Commissioner of Excise & Prohibition, who is now working as Chief Manager of Andhra Pradesh Beverages Corporation Ltd, Chagallu in West Godavari district," it said.
During the searches, the authorities found that he owned one flat at Vijayawada, eight plots at Kakinada of East Godavari district, Bikkavolu of West Godavari district and Nallapadu in Guntur district, seventeen land documents for the extent of 22.65 acres, cash of Rs 2.82 lakhs at his residence, bank balance in different banks for Rs 28 lakh, fixed deposit of Rs 5.5 lakh, one Honda car, one Pulsar bike, gold 540 grams and silver 2.5 kgs, 24 promissory notes for Rs 30 lakh together with blank cheques.
Searches are still on. Some promisory notes are yet to be calculated and two bank lockers yet to be opened.
ACB is in the process of arresting Adiseshu and producing him in a special court in Vijayawada, the release said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 20 2016 | 11:28 PM IST

Next Story